negotiable coupons

negotiable coupons
The interest coupons attached to bonds upon the issuance of the bonds, payable to order or bearer upon their face without reference to any other paper. 12 Am J2d Bonds § 56. 43 Am J1st Pub Sec § 164.

Ballentine's law dictionary. . 1998.

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  • coupons — Interest and dividend certificates; also those parts of a commercial instrument which are to be cut, and which are evidence of something connected with the contract mentioned in the instrument. They are generally attached to certificates of loan …   Black's law dictionary

  • coupons — Interest and dividend certificates; also those parts of a commercial instrument which are to be cut, and which are evidence of something connected with the contract mentioned in the instrument. They are generally attached to certificates of loan …   Black's law dictionary

  • negotiable bonds — Bonds issued by private corporations, payable to order or bearer, whether the interest coupons are attached or detached. 12 Am J2d Bonds § 51. Bonds issued by the United States, the states, municipalities, and other political subdivisions which… …   Ballentine's law dictionary

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